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Carbon Motors files for $310 million loan

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Carbon Motors yesterday filed for a $310 million federal loan to help it begin producing high-tech police cars in Connersville.

The Atlanta-based company submitted its application to the U.S. Department of Energy under the Advanced Technology Vehicles Manufacturing Incentive Program.

The federal program provides loans to automobile and parts manufacturers for the cost of re-equipping, expanding or establishing U.S. manufacturing facilities to produce advanced-technology vehicles or qualified components.

Carbon Motors announced on July 29 that it had selected the Fayette County community of Connersville in mideastern Indiana to manufacture its Carbon E7 police cruiser in a 1.8-million-square-foot facility formerly occupied by Visteon Corp.

The company plans to begin production with about 200 employees and ultimately could employ 1,000 - a huge coup for a county in which the unemployment rate is hovering at 16 percent.
 
 
 

"Our application unequivocally meets or exceeds all technical, business and legal requirements of the loan program, and we believe the U.S. Department of Energy will quickly realize that it is in the national security and socioeconomic interests of the United States of America that the Carbon E7 vehicle be expedited to production," company CEO William Santana Li said in a prepared statement.

The Carbon E7 runs on clean diesel and biodiesel technology. The company said it already has orders for 10,000 cars.

Despite the enthusiasm, Carbon Motors is not a sure thing. The company is a startup and has yet to begin producing any vehicles.

The Indiana Economic Development Corp. has not ironed out details of the incentive package it will offer Carbon Motors for choosing to locate in Connersville. Part of that package hinges on Carbon's ability to attract federal funding.


 
 
 

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  1. Those of you yelling to deport them all should at least understand that the law allows minors (if not from a bordering country) to argue for asylum. If you don't like the law, you can petition Congress to change it. But you can't blindly scream that they all need to be deported now, unless you want your government to just decide which laws to follow and which to ignore.

  2. 52,000 children in a country with a population of nearly 300 million is decimal dust or a nano-amount of people that can be easily absorbed. In addition, the flow of children from central American countries is decreasing. BL - the country can easily absorb these children while at the same time trying to discourage more children from coming. There is tension between economic concerns and the values of Judeo-Christian believers. But, I cannot see how the economic argument can stand up against the values of the believers, which most people in this country espouse (but perhaps don't practice). The Governor, who is an alleged religious man and a family man, seems to favor the economic argument; I do not see how his position is tenable under the circumstances. Yes, this is a complicated situation made worse by politics but....these are helpless children without parents and many want to simply "ship" them back to who knows where. Where are our Hoosier hearts? I thought the term Hoosier was synonymous with hospitable.

  3. Illegal aliens. Not undocumented workers (too young anyway). I note that this article never uses the word illegal and calls them immigrants. Being married to a naturalized citizen, these people are criminals and need to be deported as soon as humanly possible. The border needs to be closed NOW.

  4. Send them back NOW.

  5. deport now

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